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CITY · 2020 ACS

Bancroft

Michigan · 484 residents · 0.592 sq mi
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The short version

Bancroft has lower-than-average household income, with a median household income of $58,750. Population has fallen 21% since 2000, a loss of 132 residents. 11% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $89,600.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 35.9
US median: 38.8
Less educated
11% hold a bachelor's degree
US average: 33%
More affordable
home values down 27%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
484
−21%since 2000
from 616 in 2000
1990 – 2025
Population density
818 / sq mi
−21%since 2000
from 1,041 / sq mi in 2000
US average: 280
Median age
35.9
+11%since 2000
from 32.4 in 2000
US average: 38.8
Population, 1990 – 2024
4445185936677411990201020202024Bancroft
2024469
1990201020202024
Section 02

Income & economy

Median household income
$58,750
−6%inflation adjusted, since 2000
from $41,538 in 2000
US average: $66,278
1990 – 2024
Per capita income
$27,082
+75%since 2000
from $15,451 in 2000
US average: $35,364
Households earning $100K+
41.1%
+22.0 ptssince 2009
from 19.1% in 2009
US average: 43.9%
Poverty rate
12.1%
+1.8 ptssince 2000
from 10.3% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade28.6%
US avg: 10%
Information19.5%
US avg: 11.1%
Finance & insurance14.8%
US avg: 5.5%
Professional, scientific, technical13.8%
US avg: 4.7%
Other services4.8%
US avg: 6.6%
Wholesale trade4.3%
US avg: 6.7%
Public administration1.9%
US avg: 4.7%
Education & health services1%
US avg: 0.8%
Arts, entertainment, food1%
US avg: 2%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Transportation & warehousing0%
US avg: 2.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$89,600
−27%inflation adjusted, since 2000
from $81,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$807
−4%inflation adjusted, since 2000
from $557 in 2000
US average: $1,124
Owner-occupied
79.1%
−3.1 ptssince 2000
from 82.3% in 2000
20.9% rent
Afford Score
1.5
−22%since 2000
from 2.0 in 2000
1990 – 2024
RELATED:See current rent listings in Bancroft on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.3%(593)
Black0%(0)
Hispanic / Latino1.1%(7)
Asian0%(0)
Other0%
Diversity Score2.9%(18)
2020
White, non-Hispanic93.4%(452)
Black0%(0)
Hispanic / Latino2.3%(11)
Asian0.6%(3)
Other3.1%(15)
Diversity Score14.4%(70)
Diversity Score
14
+399%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
11.1%
+6.5 ptssince 2000
from 4.5% in 2000
US average: 32.9%
High school or higher
94.1%
+16.8 ptssince 2000
from 77.3% in 2000
US average: 88.5%
Graduate degree
5.5%
+3.9 ptssince 2000
from 1.6% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
32.5 min
+43%since 2000
from 22.7 min in 2000
US average: 26.9
Drive alone to work
95.2%
+13.3 ptssince 2009
from 81.9% in 2009
US average: 75.1%
No vehicle available
0.0%
−2.3 ptssince 2009
from 2.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
3.2%
−11.6 ptssince 2011
from 14.9% in 2011
US average: 5.4%
Labor force participation
62.2%
−4.6 ptssince 2011
from 66.7% in 2011
US average: 63.4%
Management & professional
18.6%
−34.4 ptssince 2009
from 53.0% in 2009
US average: 39.3%
Section 08

People & community

Male
42.3%
−2.7 ptssince 2009
from 45.0% in 2009
Female
57.7%
+2.7 ptssince 2009
from 55.0% in 2009
Foreign born
0.4%
+0.4 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
5.7%
−79.9 ptssince 2013
from 85.6% in 2013
US average: 8.8%
Drill deeper

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Compare Bancroft to nearby cities

BANCROFT VS
Owosso
Income$54,229−8%
Home value$132,600+48%
Population14,437+2952%
SEE FULL COMPARISON →
BANCROFT VS
Flushing
Income$80,025+36%
Home value$204,500+128%
Population8,175+1628%
SEE FULL COMPARISON →
BANCROFT VS
Fenton
Income$80,000+36%
Home value$235,900+163%
Population11,774+2389%
SEE FULL COMPARISON →
BANCROFT VS
Haslett
Income$74,031+26%
Home value$286,100+219%
Population18,559+3824%
SEE FULL COMPARISON →
Frequently asked

How many people live in Bancroft, Michigan?

Bancroft, Michigan has about 484 residents according to the 2020 American Community Survey.

What is the median household income in Bancroft, Michigan?

The typical household in Bancroft, Michigan earns about $58,750 a year. Half of households make more than that, and half make less.

Is Bancroft, Michigan expensive?

In Bancroft, Michigan, the median home is worth about $89,600, and the typical rent is about $807 a month.

How educated are people in Bancroft, Michigan?

About 11.1% of adults age 25 and over in Bancroft, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Bancroft, Michigan?

About 12.1% of people in Bancroft, Michigan live below the federal poverty line.

Has Bancroft, Michigan grown since 1990?

Yes, Bancroft, Michigan has shrunk since 1990. The population has lost about 94 residents, a change of about -16 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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